Dealer in the Globespan Semiconductor Inc. IPO
E*TRADE Participates as a Dealer in the Initial Public Offering Of Globespan Semiconductor Inc.
PR Newswire - July 23, 1999 08:40
MENLO PARK, Calif., July 23 /PRNewswire/ -- E*TRADE(R) Group Inc. (Nasdaq: EGRP) today announced that its securities unit, E*TRADE Securities Inc., participated as a dealer in the initial public offering of Globespan Semiconductor Inc. (Nasdaq: GSPN). The offering was for 3,250,000 shares of Common Stock at a price of $15 per share and closed on June 30, 1999. The managing underwriters in the offering included BancBoston Robertson Stephens, Donaldson, Lufkin & Jenrette, SG Cowen and Thomas Weisel Partners LLC.
About E*TRADE
E*TRADE, a global leader in online personal financial services, has emerged as the world's most-visited online investing site. The content-rich Destination E*TRADE web site offers value-added investing and research features, premium customer service and a fully redundant, proprietary Stateless Architecture(SM) infrastructure. E*TRADE intends to expand its global positioning by launching branded web sites in the top 20 financial markets worldwide.
In recognition of its innovation and industry leadership, E*TRADE was ranked the best online brokerage by Gomez Advisors (Summer 1999) and Lafferty Information and Research Group (4Q98, 1Q99). E*TRADE also was the first securities and financial services company to be awarded both the WebTrust seal of assurance by the American Institute of Certified Public Accountants (AICPA) and the "Trustmark" seal of approval from TRUSTe.
Investors can access E*TRADE at www.etrade.com on the Internet and through many other electronic channels and online services, including AOL (Keyword: E*TRADE) and via the TELE*MASTER interactive telephone system. E*TRADE Securities Inc. (Member NASD/SIPC), and its parent company, E*TRADE Group Inc., are headquartered in Menlo Park, Calif.
THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.
THE OFFERING IS MADE ONLY BY THE PROSPECTUS, COPIES OF WHICH MAY BE OBTAINED IN ANY STATE OR JURISDICTION IN WHICH THIS ANNOUNCEMENT IS CIRCULATED ONLY FROM SUCH OF THE UNDERWRITERS AS MAY LEGALLY OFFER THESE SECURITIES IN SUCH STATE OR JURISDICTION.
Important Notice
E*TRADE is a registered trademark of E*TRADE Group Inc. All other trademarks are properties of their respective owners. The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to, changes in market activity, market acceptance of the new E*TRADE destination web site, anticipated increases in the rate of new customer acquisition, the conversion of new visitors to the site to customers, seasonality, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures or interruptions, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. Further information about these risks and uncertainties can be found in the information included in the annual report filed by E*TRADE Group Inc. with the SEC on Form 10-K (including information under the caption "Risk Factors") and quarterly reports on Form 10-Q.
E*TRADE Media Contacts
Tim Alban
(650) 331-5865
talban@etrade.com
Greg Xenakis
Neale-May & Partners
(650) 328-5555, ext. 142
gxenakis@nealemay.com
SOURCE E*TRADE Group Inc.
/CONTACT: Tim Alban of E*TRADE, 650-331-5865, or talban@etrade.com; or
Greg Xenakis of Neale-May & Partners, 650-328-5555, ext. 142, or
gxenakis@nealemay.com, for E*TRADE/
/Company News On-Call: prnewswire.com or fax, 800-
758-5804, ext. /
/Web site: etrade.com
(EGRP)
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